AGL Resources initiated a non-binding open season April 30 for a proposed high- deliverability natural gas storage facility in the Spindletop salt dome in Beaumont, TX. The open season for 12 Bcf of working capacity will extend through 5 p.m. CDT May 18. Golden Triangle Storage, a wholly owned subsidiary of AGL Resources, proposes to develop a gas storage facility consisting of two salt-dome storage caverns. The first 6 Bcf cavern is scheduled for full commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to be in operation in 2013. Located at a highly liquid market point, Golden Triangle Storage will interconnect with six intrastate/interstate pipelines serving diverse markets with counter-seasonal demand. The project is located near natural gas supplies, including East Texas gas fields, offshore deep water wells and gas imported through area liquefied natural gas (LNG) terminals. Prospective customers should contact Ed Gottlob at (832) 397-1798 or Laura McGuire Heckman at (832) 397-8503. Additional information, including bid procedures and a bid form, is available at www.goldentrianglestorage-texas.com/
What does it take to entice residential consumers to choose a new natural gas supplier? How about, giving it away free? That's the solution retail seller Intelligent Energy is offering New York and New Jersey residents. The idea is that first you have to get their attention. "Many New York and New Jersey residents are still not aware that, thanks to deregulation, they have a choice for purchasing natural gas for their home. In order to get that message out, we had to come up with an offer that would open some eyes," said Intelligent Energy President Darin Cook. The company is sending out postcards offering two months of natural gas for residential customers at the rock bottom price of $0.00. At the end of the two-month trial period, the customer can, if they choose, remain with Intelligent Energy at their regular monthly deregulated rate, get price security by locking in a fixed rate, or return to purchasing gas from their utility with no penalty. The company currently serves more than 60,000 residential, commercial and government agency natural gas customers in New York and New Jersey, as well as in Georgia and Florida, where it does business as Infinite Energy. The free offer is valid to residential gas customers of Central Hudson Gas & Electric, Con Edison, Elizabethtown Gas, KeySpan Energy Delivery, National Fuel Gas, Nationalgrid, New Jersey Natural Gas, Orange & Rockland, Public Service Electric & Gas and South Jersey Gas.
Martin Midstream Partners L.P. (MMLP) says it has signed a definitive agreement to acquire the outstanding stock of Woodlawn Pipeline Company Inc., a natural gas gathering and processing company with integrated gathering and processing assets in East Texas. In conjunction with this transaction, MMLP is also acquiring a pipeline that delivers residue gas from the Woodlawn Gas Processing Plant to the Texas Eastern Transmission pipeline system. The combined purchase price for the acquisition is estimated at $32.7 million dollars, with closing expected in May. Upon full integration of the Woodlawn and Pipeline assets, MMLP estimates that this transaction will add an incremental $4 to $5 million in adjusted EBITDA annually. The Woodlawn and Pipeline assets include more than 30 MMcf/d of gas processing capacity, 7,000 hp of compression, a low-pressure gas gathering system with more than 200 miles of pipe, a 32-mile condensate gathering pipeline, a saltwater gathering system and a saltwater disposal well. These assets provide low-pressure gathering, gas processing and saltwater disposal services to producers in the Woodlawn, Green Fox, Hallsville NE and Blocker gas fields in Harrison County, East Texas. Martin Midstream Partners has operations focused primarily in the U.S. Gulf Coast region. The partnership's primary business lines include terminaling and storage services for petroleum products and by-products; gas gathering, processing and LPG distribution; marine transportation services for petroleum products and by-products; sulfur gathering, processing and distribution; and fertilizer manufacturing and distribution.
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